Smart Money Is Betting Big In ABNB Options
Portfolio Pulse from Benzinga Insights
Smart money investors have shown a bearish stance on Airbnb (NASDAQ:ABNB), with options trading activity indicating a split sentiment of 37% bullish and 50% bearish. The major market movers are targeting a price band between $155.0 and $175.0 for ABNB. The trading volume and open interest analysis for the last 30 days reveal significant options activity, including both calls and puts, with a notable put for $34,850 and calls totaling $357,518. Airbnb's current trading volume is 387,505, with a price increase of 1.3% to $161.79, and an earnings announcement is expected in 2 days.
May 06, 2024 | 2:31 pm
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NEUTRAL IMPACT
Smart money's bearish stance and significant options activity on Airbnb, with a price target between $155-$175 and an upcoming earnings announcement, could influence ABNB's stock price in the short term.
The mixed sentiment in options trading, with a lean towards bearishness, and the anticipation of an earnings announcement could lead to increased volatility in ABNB's stock price. The detailed options activity and the specific price band targeted by major market movers suggest that investors are closely watching Airbnb's performance and potential market reactions. However, the current neutral RSI indicator and the recent price increase indicate a level of uncertainty, hence the neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100